Gold is starting to rock, it is strong in terms of global interest and Dennis Gartman says up we go, from here..... Plus geopolitical risk is very high with Syria at war... So I suggest miners and GGN..... Fast Money says the taper may not happen this year at all..
So I agree that SFL is a buy below $16. lets see what Tuesday brings
I disagree about the taper. Zero hedge is reporting that the NY Fed already told the primary dealers that it is on for the next Fed meeting in the middle of Sept. Plus CNBC is reporting that Summers is going to be the next Fed chairman over Yellen. Wouldn't it be ironic or coincident if we start a war with Syria and the world piles into Treasuries just as the Fed starts to taper.
Sorry, Bob...I am a trader in risky markets like this one....I buy SFL in the 15's and lower, and sell in the upper 16's and higher...if I get caught with some I did not trade out of on time, I don't care because basically I like the stock long term and it pays me to hold it....I have traded SFL and others this way many, many times...it has been quite profitable for me....
Sarge......you are right...gold is going higher....GGN, UGLD and my favorite miner TGD are all doing well, as is MSB, GLNG and CLMT.....also added to my short ETF TZA this am on the market rise....looks like a good trade so far!!! Zacks says sell FCX...I bought more this AM...I like FCX, even in a down market...Copper, oil, Gold...whats not to like??
Sell the weak sisters on every up tic...that's the best advice I can give in this market....again, the trend is DOWN.